Anchorage Museum Foundation
- Assets
- $43.1m
- Revenue
- $4.3m
- Investments
- $12.1m
- Employees
- 0
- Location
- Anchorage, AK
- Founding
- 08/1989
- Data as of
- 12/2021
- EIN
- 92-0129376
Organization Overview
Anchorage Museum Foundation is located in Anchorage, AK. The organization was established in 1989. According to its NTEE Classification (A11) the organization is classified as: Single Organization Support, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Anchorage Museum Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Anchorage Museum Foundation generated $4.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.3% each year . All expenses for the organization totaled $1.8m during the year ending 12/2021. While expenses have increased by 3.1% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE SUPPORT TO THE ANCHORAGE MUSEUM FOR EXHIBITS, ACQUISITIONS AND OPERATIONS.
Describe the Organization's Program Activity:
SUPPORTING PROGRAMS AT THE ANCHORAGE MUSEUM AT RASMUSON CENTER INCLUDING CHILDRENS EDUCATION, ART ACQUISITIONS, ART CONSERVATION, EXHIBITS AND GENERAL OPERATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John C Swalling Chris Vice-Chair | OfficerTrustee | 1 | $0 |
Edward B Rasmuson Chairman | OfficerTrustee | 4 | $0 |
Gail Sieberts Treasurer | OfficerTrustee | 15 | $0 |
Duane Heyman Secretary | OfficerTrustee | 1 | $0 |
Julie Decker At Large | Trustee | 1.5 | $0 |
James Blasingame Director | Trustee | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $25,800 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $25,800 |
| Total Program Service Revenue | $0 |
| Investment income | $416,916 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,843,207 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,285,923 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $54,325 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $11,625 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,790,918 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,661,076 |
| Pledges and grants receivable | $9,075 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $35,800 |
| Investments—publicly traded securities | $27,283,778 |
| Investments—other securities | $12,087,549 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $62,645 |
| Total assets | $43,139,923 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $8,623,630 |
| Net assets with donor restrictions | $34,516,293 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $43,139,923 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Anchorage Museum Foundation has recieved totaling $3,000.
| Awarding Organization | Amount |
|---|---|
Gottstein Family Foundation Anchorage, AK PURPOSE: THE GRANT WAS TO A PUBLIC CHARITY TO SUPPORT ITS GENERAL CHARITABLE PURPOSE. | $3,000 |
Endowment Analysis
| Beg. Balance | $38,805,452 |
| Earnings | $6,087,964 |
| Admin Expense | $55,792 |
| Net Contributions | $25,800 |
| Other Expense | $1,723,501 |
| Ending Balance | $43,139,923 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Museum Of Flight Foundation Seattle, WA | $316,961,475 | $40,753,721 |
Henry Gallery Association Inc Seattle, WA | $28,956,119 | $4,211,330 |
Wing Luke Memorial Foundation Seattle, WA | $11,076,869 | $11,490,156 |
Anchorage Museum Foundation Anchorage, AK | $43,139,923 | $4,285,923 |
Jack And Shirley Mcintyre Foundation Camano Island, WA | $7,434,116 | $1,587,086 |
Numerica Performing Arts Center Wenatchee, WA | $4,487,181 | $1,049,987 |
Lincoln Theatre Center Foundation Mount Vernon, WA | $898,508 | $1,072,552 |
Swedish Club Foundation Seattle, WA | $5,030,942 | $1,500,108 |
Mohai Foundation Seattle, WA | $15,427,773 | $334,589 |
Seattle Repertory Theatre Foundation Seattle, WA | $13,549,090 | $434,106 |
Elc Development Seattle, WA | $9,802,223 | $0 |
Spokane Symphony Associates Spokane, WA | $115,090 | $377,885 |